Rosenblatt Securities Believes Intercontinental Exchange (NYSE: ICE) Still Has Room to Grow

Rosenblatt Securities analyst Sean Horgan maintained a Buy rating on Intercontinental Exchange (ICEResearch Report) today and set a price target of $136.00. The company’s shares closed last Friday at $119.83, close to its 52-week high of $122.42.

According to TipRanks.com, Horgan is a 3-star analyst with an average return of 7.7% and a 63.5% success rate. Horgan covers the Technology sector, focusing on stocks such as Fidelity National Info, Tradeweb Markets, and Global Payments.

Currently, the analyst consensus on Intercontinental Exchange is a Strong Buy with an average price target of $133.90, representing an 11.8% upside. In a report issued on July 30, Deutsche Bank also maintained a Buy rating on the stock with a $127.00 price target.

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Intercontinental Exchange’s market cap is currently $67.44B and has a P/E ratio of 23.90. The company has a Price to Book ratio of -4.71.

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Founded in 2000, Georgia-based Intercontinental Exchange, Inc. engages in the management of online marketplaces. It operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Singapore, Israel, and Canada. It operates in two segments, Trading and Clearing; and Data and Listings.